Question
Which of the following statements about graphs of
short-run cost curves is false?Solution
Statement b is false, because the SMC and MVC curves actually coincide. MVC shows the change in a firm's total variable cost if its output changes by one unit, while SMC shows the change in its short-run total cost if its output changes by one unit. Now, in the short-run, if a firm changes its output by one unit, it can change the quantity of the variable inputs it uses but not the quantity of the fixed inputs, so the change in its total cost equals the change in the cost of its variable inputs.
Select a figure amongst the four alternatives that when placed in the blank space(?) of figure X will complete the pattern. (Rotation is not allowed).<...
Select the number from among the given options that can replace the question mark (?) in the following series.
5, 6, 10, 19, 35, 60,?
Four letter-clusters have been given, out of which three are alike in some manner and one is different. Select the one that is different. The odd one ou...
Identify the figure from the given options that when put in place of the question mark (?) will logically complete the series.
A number has been denoted to each of the given letters. Select the option from the following four possible arrangements of these numbers that forms a me...
In a certain code language, 'CONSUME' is written as 'CEMNOSU' and 'COMPEL' is written as 'CELMOP'. How will "ENGLISH" be written in that language?
Select the correct option to complete the following analogy.
Rabbit : Hop :: Duck : ?
Which word will be the first after rearranging the following words according to the English dictionary?
What will come in the place of '?' in the following equation, if '+' and '–' are interchanged and '×' and '÷' are interchanged?
111 ×...
Select the option figure which is embedded in the given figure as its part (rotation is NOT allowed).
